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Businesses often decide between using automation and labor in production. An automotive environment may have high fixed costs and low variable costs, and an industry that utilizes manual labor for production will have low fixed costs and high variable costs. How would you describe the balance between the costs of automation, or fixed costs, and the costs of labor, or variable costs? How has technology changed the balance between automation and labor? Illustrate what type of industry benefits the most from technological innovation? Select an article from either either a peer reviewed or current popular periodical on an industry of your choice and discuss this question from the perspective of that industry and the information in the article you have selected.
What are the informing factors of global interdependence, including the economic factors, political dynamics and cultural differences.
The following equations describe a small open economy. Calculate the equilibrium level of output (Y*).
What did the Civil War change any opportunity costs in the South. Did the opportunity cost of everything rise? Or did items cost less.
Illustrate what has presidents immediately under the principles of immediate wants of the nation also mandate from the people.
How do the buyer's returns compare with the method of payment, and how do they compare with single versus multiple bidders.
The firm's average variable costs and average fixed costs per month are R200-00 and R500-00, respectively.
A competitive firm that is profit maximizing pays a wage. The firm has started marketing its new product.
Distinguish between the two types but knows the probabilities of each type. What would be the result in this market for loans.
utilizes the Keynesian cross to predict the impact on equilibrium GDP of equal-sized rise in both the government purchases also taxes
If the price of soda is $1 every can, Elucidate how many sodas will the consumer purchase in a typical month.
Write down the profit maximization problem for the rm.
the monopoly will experience a loss the monopoly will earn a profit the monopoly will earn zero profit consumers will be worse off than they would be if the firm's profit maximization activities were unregulated
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